Australia would be at this same dire economic point with this Albanese Labor government, without the Iran conflict.
Yes, it's a convenient partial factor.
But the main drivers of the creeping inflation and higher interests rates since 2022, are Government driven.
Low productivity,
excessive Government spending,
massive Debt,
mass migration and
high utilities due to pushing green renewables.
Everything Labor is responsible for..
Jim Chalmers will blame it ALL on Iran and world factors, but of course it will be a lie.